Question 97 I if the elasticity of demand for the latest BTS album is 4, this means 0 a 4% increase in the price leads to a 1% decrease in quantity demanded. Q a 1% increase in the price leads to a less 4% decrease in quantity demanded. Q a 1% increase in the price leads to a 4% increase in quantity demanded. W O a 1% increase in the price leads to a 4% decrease in quantity demanded